RE: Wheres that stebo gone27 May 2025 14:59
Ouch ouch ouch stebo , dec 2024
yes there is every chance that the SA asset sale will also be in the mix this side of Christmas, or at least prior to the Project Launch.
For me though it is a bit more speculative. I completely understand, and probably agree with you that it will come quickly (if that is in KEFI's gift to do), but I wouldn't be as definitive as to say a date when it will come.
With the banking reform bill, we now effectively have wort case scenario deadlines for the runway up to TK project launch.
1) Ratification of AFC - Anytime (today!), worst case a few weeks
2) TDB re-approval - Expect this is done
3) Detailed definitive documentation, immediately following ratification - imminent, worst case a few weeks
4) Completion of early works, to be closed out as soon as detailed definitive documents are signed. Worst case early Jan and maybe take a few weeks.
5) Financial close, straight after completion of Early Works - end of Jan or Early Feb
6) TKGM Project Launch. Feb
In terms of what this will mean for sp:
1) Ratification - 1p+
2) TDB reapproval - 1p+ (or plus 20% if this comes as a separate RNS before Ratification)
3) Detailed definitive documentation - 3p to 5p. This is when entitlement to finance becomes absolutely nailed on
4) Completion of early works - +0.5p (due to additional PR)
5) Financial close - +0.5p (after all the naysayers scrambling around looking for negativity give up)
6) TKGM Launch - +1p (due to "money in the bank" and PR)
Throw the high potential of SA sale into the mix in the middle of that and it's an easy 1p+ dependant on the price that it sells for.
By end of Feb there is every chance that the sp could be sitting at 5p+.
1,000% in three months is my call - bring it on. Now is the time!
OUCH OUCH OUCH INDEED
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